RSS
BNR: Monetary indicators – March 2020
At end-March 2020, broad money (M3) amounted to RON 433,934.7 million, up 2.5 percent (1.9 percent in real terms) month on month. In year-on-year comparison, broad money rose by 13.3 percent (9.9 percent in real terms), Central bank (BNR) announced.
At end-March 2020, loans to non-government sector granted by credit institutions grew 0.6 percent (0.1 percent in real terms) from February 2020 to RON 272,551.0 million. RON-denominated loans, representing 67.2 percent of loans to non-government sector, went up 0.8 percent (0.3 percent in real terms), whilst foreign currency-denominated loans, representing 32.8 percent of loans to non-government sector, increased 0.1 percent when expressed in RON (down 0.2 percent when expressed in EUR). In year-on-year comparison, loans to non-government sector went up 6.9 percent (3.8 percent in real terms), on the back of the 9.2 percent increase in RON-denominated loans (5.9 percent in real terms) and the 2.6 percent increase in foreign currency-denominated loans expressed in RON (1.3 percent when expressed in EUR).
Credit to general government advanced by 10.1 percent in March 2020 from the previous month to RON 126,263.4 million and by 22.0 percent (18.4 percent in real terms) versus the year-ago period.
Deposits of non-government resident customers went up 2.2 percent month on month to RON 375,730.2 million in March 2020 and the annual growth rate was 13.6 percent (10.2 percent in real terms).
RON-denominated household deposits decreased by 0.1 percent to RON 133,417.1 million month on month and moved up 10.0 percent (6.7 percent in real terms) year on year.
RON-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) went up 0.1 percent to RON 105,804.9 million month on month and rose by 10.5 percent versus the year-ago period.
Residents’ foreign currency-denominated deposits climbed by 6.4 percent against the previous month to RON 136,508.3 million when expressed in domestic currency (when expressed in EUR, these deposits moved up 6.2 percent to EUR 28,289.5 million). In year-on-year comparison, this indicator grew 20.0 percent when expressed in RON (or 18.4 percent when expressed in EUR).
Forex-denominated deposits of households advanced by 4.6 percent from the previous month (4.1 percent in real terms) when expressed in RON (when expressed in EUR, these deposits moved up 4.3 percent). On an annual basis, this indicator expanded by 17.7 percent when expressed in domestic currency (when expressed in EUR, this indicator rose by 16.1 percent).
Forex-denominated deposits of other sectors (non-financial corporations and non-monetary financial institutions) went up 11.2 percent (10.7 percent in real terms) against the previous month when expressed in RON (when expressed in EUR, these deposits climbed by 11.0 percent). Compared to the same month of 2019, forex-denominated deposits of other sectors moved up 26.2 percent when expressed in RON (or 24.5 percent when expressed in EUR).